Archive for February, 2012

The Water Workshop for Apartment Communities

Feb 17th, 12 / 1 Comment

War against Water Crisis

Taps, Showers, Flushes, Fountains, Sprinklers, Hoses, Swimming Pool.

Features of an Apartment Complex that need to be fed Water – lots of Water.

Bangalore expect a Water Supply shortage of 500 Million Litres per Day.

Cauvery Water connections are pending in major parts of the City. Where it is there, supply is infrequent.

Apartment Owners Associations’ expense on private Water Tankers is spiraling upward every year.

The situation screams for a holistic Water Management Plan that every Association must have.

ApartmentADDA brings to you The Water Workshop for Apartment Communities.

A 1 Day workshop towards ensuring uninterrupted Shower for a Lifetime.

Workshop Concluded Successfully. Don’t miss the Report!

The first comprehensive Water Survey for Apartment Complexes! Fill it  TODAY!

Past Water Workshops:

http://apartmentadda.com/blog/dec-6-2009-water-workshop/


ApartmentADDA is India’s #1 web-based Housing Society Accounting Software with complete integration to Online Payment Gateway, Society Communication and Facility Management . We empower Cooperative Housing Societies (CHS), Resident Welfare Associations (RWA), Apartment Owners Associations etc. with online tools to manage their Apartment or Villa Complex effectively.

Please sign up for a LIVE Online demo to know more about the product here : Register for Demo. Start your ADDA (Complete Communication Package), right now, FREE of cost here: Create my ADDA.

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Add Co-Owner for an Apartment

Feb 14th, 12 / 0 Comments

Are you one of the young Apartment Owners, who married after purchasing an Apartment.

In that case you may be wanting to add your spouse as a co-owner of your Apartment.

The advantage of adding a Co-owner is that there is no ambiguity of inheritance in future. The disadvantage is the related costs of this process.

A co-owner is typically owner of half the property, however proportion of ownership can be specified when adding the Co-owner. A Co-Owner can be added using one of the two ways:

A Sale Deed: A portion of the property can be sold by the Owner to the Co-Owner and the Co-Owner can use this sale deed to get registered as the co-owner of the property. The charges that need to be paid is typically the stamp duty which can be 5-12.5% of the market value of the property, the registration charge is about 1%.  These charges are different in each state.

A Gift Deed: The ownership of the property can be shared by gifting it to someone. A gift deed needs to be executed on a stamp paper and registered at the registrar’s office. A gift to a relative is not taxable. But if the property is gifted to a non-relative, the value of the house is treated as income and taxed according to the income tax rules. The stamp duty is typically 2% of the value of the property, along with 1% registration charge.

Source: The Economic Times


ApartmentADDA is India’s #1 web-based Housing Society Accounting Software with complete integration to Online Payment Gateway, Society Communication and Facility Management . We empower Cooperative Housing Societies (CHS), Resident Welfare Associations (RWA), Apartment Owners Associations etc. with online tools to manage their Apartment or Villa Complex effectively.

Please sign up for a LIVE Online demo to know more about the product here : Register for Demo. Start your ADDA (Complete Communication Package), right now, FREE of cost here: Create my ADDA.

Home Owners

Bangalore Apartment Prices – Q1-2012

Feb 8th, 12 / 0 Comments

Bangalore Apartment Prices for Q1 2012. As reported by Economic Times.

LOCATION Apartment Prices ( Rs per sqft )
Benson Town 7,000 – 9,000
Andree Road ( Off Langford Road ) 10,500
J P Nagar – Dollars Colony 5,700 Onwards
Sarjapur Road 3,500 – 4,300
Sarjapur Outer Ring Road 4,400 – 4,800
Off Kanakapura Main Road 3,950 – 4,100
Mysore Road 3,000 – 4,200
Hosur Main Road 3,000 – 4,600
Hennur Road 3,400 – 4,100
Old Madras Road 3,450 – 4,000
Whitefield 3,790
Sarakki Road, Near Jayanagar 8th Block 8,000 – 9, 000 / Duplex 9,500
Tumkur Road 3,590 – 3,800
Yelahanka ( Doddaballapur Road ) 3,500 – 3,800
Hebbal 5,250
Hebbal Ring Road 5,750 – 6,000 ( Penthouse : 6,700 )
Devanahalli 3,000 – 3,500
Bangalore – Mysore Road 2,200 – 2,500
Horamavu 3,500
Amruthahalli, Near Hebbal 4,000
Allasandra 3,500
Yeshwantpur 4,000
Jalahalli 3,200
Electronics city 2,500 – 3,250
Yelahanka 4,450 – 4,650


ApartmentADDA is India’s #1 web-based Housing Society Accounting Software with complete integration to Online Payment Gateway, Society Communication and Facility Management . We empower Cooperative Housing Societies (CHS), Resident Welfare Associations (RWA), Apartment Owners Associations etc. with online tools to manage their Apartment or Villa Complex effectively.

Please sign up for a LIVE Online demo to know more about the product here : Register for Demo. Start your ADDA (Complete Communication Package), right now, FREE of cost here: Create my ADDA.

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Automatic Service Tax Credits and Tax Certificate

Feb 3rd, 12 / 0 Comments

Dear ADDA Treasurers,

You need not ‘Tax’ your brain anymore to calculate Service Tax Credits or Generate Tax Certificates for Vendors. This is automated in your ADDA now!

Check it out here: Admin’s Dashboard > Bank & Cash > TDS & Service Tax. You can find all the Tax Components in one place.

Service Tax Credits

Here is the workflow for the Service Tax Part.

a. Output Service Tax Suspense

Whenever an invoice is posted in Member Income, the service tax component is posted against this account.

b. Input Service Tax Suspense

Whenever a vendor invoice is posted, the Service Tax component is posted to this account.

c. Service Tax

When payment is made to Vendor or collection is received, an automatic entry is posted under Service Tax. The net balance on this account forms the Service Tax Credit.

Periodically the Society has to remit the net balance on this account and post it in the ADDA.

TDS

All the TDS entries that were deducted from the vendor payments are now shown under the TDS Tab.

When TDS is remitted to the Government, the entries are to be captured in the following screen and these will appear in the Form 16 report.

Important Note : We have already migrated all your transactions to the respective Account Heads. Please review them and get in touch with us for any clarifications.

Yours Sincerely,
Hardworking folks at the ApartmentADDA “Tax Workflow Simplification Department”


ApartmentADDA is India’s #1 web-based Housing Society Accounting Software with complete integration to Online Payment Gateway, Society Communication and Facility Management . We empower Cooperative Housing Societies (CHS), Resident Welfare Associations (RWA), Apartment Owners Associations etc. with online tools to manage their Apartment or Villa Complex effectively.

Please sign up for a LIVE Online demo to know more about the product here : Register for Demo. Start your ADDA (Complete Communication Package), right now, FREE of cost here: Create my ADDA.

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